REGISTERED NUMBER: 04772603 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Penny Price Aromatherapy Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs P A Stephen

Revd Dr R Stephen

Mrs E L Dunmore

SECRETARY:

Revd Dr R Stephen

REGISTERED OFFICE:

Unit D3 Radius Court

Maple Drive

Hinckley

Leicestershire

LE10 3BE

REGISTERED NUMBER:

04772603 (England and Wales)

ACCOUNTANTS:

Abrahamson Foster Limited

The Atkins Building

Lower Bond Street

Hinckley

Leicestershire

LE10 1QU

FIXED ASSETS

Intangible assets

4

823

1,254

Tangible assets

5

156,825

173,646

157,648

174,900

CURRENT ASSETS

Stocks

97,241

105,379

Debtors

6

75,856

64,690

Cash at bank and in hand

18,767

10,793

191,864

180,862

CREDITORS

Amounts falling due within one year

7

224,544

228,272

NET CURRENT LIABILITIES

(32,680

)

(47,410

)

TOTAL ASSETS LESS CURRENT LIABILITIES

124,968

127,490

CREDITORS

Amounts falling due after more than one year

8

46,667

86,667

NET ASSETS

78,301

40,823

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

77,301

39,823

78,301

40,823

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2025 and were signed on its behalf by:

Mrs E L Dunmore - Director

1.	STATUTORY INFORMATION

Penny Price Aromatherapy Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2024 - 19 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

4,909

Disposals

(93

)

At 31 March 2025

4,816

AMORTISATION

At 1 April 2024

3,655

Charge for year

431

Eliminated on disposal

(93

)

At 31 March 2025

3,993

NET BOOK VALUE

At 31 March 2025

823

At 31 March 2024

1,254

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

433,808

DEPRECIATION

At 1 April 2024

260,162

Charge for year

16,821

At 31 March 2025

276,983

NET BOOK VALUE

At 31 March 2025

156,825

At 31 March 2024

173,646

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

66,226

64,690

Other debtors

9,630

-

75,856

64,690

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

128,533

130,579

Trade creditors

43,012

52,580

Taxation and social security

50,300

30,514

Other creditors

2,699

14,599

224,544

228,272

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

46,667

86,667

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

Mrs P A Stephen

Balance outstanding at start of year

(210

)

(1,705

)

Amounts advanced

22,745

22,028

Amounts repaid

(22,835

)

(20,533

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(300

)

(210

)

Mrs E L Dunmore

Balance outstanding at start of year

(280

)

(499

)

Amounts advanced

24,595

22,031

Amounts repaid

(24,813

)

(21,812

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(498

)

(280

)

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs P A Stephen.